The Next Crisis: How a Retailer's Woes Reflect Broader Economic Issues Lord Wolfson, CEO of Next, has sounded the alarm on a "dramatic fall" in entry level job opportunities in the UK.
His comments are not just a lamentation of youth unemployment but also a warning bell for the broader economy. Next, once hailed as a high street success story, is now grappling with increased costs and taxes.
The company had previously received 10 applicants for every job in its shops but now receives 19.